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Woodmont Properties and Metrovation Terranomics Starts Construction on West Side Lofts at Red Bank

07/19/2013

- Luxury Rental Community Will Offer Urban Look and Feel at the Jersey Shore-

FAIRFIELD N.J. (July 19, 2013)– In another sign of the thriving New Jersey multifamily market, Woodmont Properties and Metrovation Terranomicsrecently started construction on West Side Lofts at Red Bank, a brand new contemporary mixed use project in the dynamic and growing shore community of Red Bank, N.J.

Located at the intersection of West Front Street and Bridge Avenue justtwo blocks from the Red Bank train station, The West Side Loftswill include 10 townhomes, 79 loft-style apartments and three live/work units set within a landscaped courtyard. There will also bestreet-level retail anchored by a brew pub, and an on-site parking garage. Construction should be completed in the fall of 2014.

Features will include river views, high ceilings, abundant natural light, spacious kitchens and dynamic floor plans that offer a variety of options. The live/work artist spaces will have a multi-level layout with showroom space in a high-exposure location across from the famed Two River Theatre.

The property will have lush textured landscaping, a dynamic rooftop deck featuring a fire pit, and oversized hot tub. Additionally, the West Side Lofts dedicated parking for residents in a five story, covered structure.

In addition to the apartments, The West Side lofts will feature approximately 25,000 square feet of shops and restaurants anchored by the award-winning Triumph Brewery, which serves its own craft beer selections and locally grown organic foods. Retail shops are available from 1,000 to 5,700 square feet and offers tremendous visibility, signage, 11- to 16-foot ceilings and floor-to-ceiling glass.

“Without question, Red Bank is one of the most sought-after boroughs in the state and these apartments will be the epitome of luxurious living,” said Eric Witmondt, Chief Executive Officer of Woodmont Properties.“Residents will be able to simply step outside and connect with an eclectic energy in this thriving downtown neighborhood.”

West Side Lofts at 1 Bridge Avenue is situated within the heart of Red Bank’s dynamic arts and antiques district. It is adjacent to the famed Two River Theatre, a professional, not-for-profit regional theater company and across the street from The Galleria Red Bank, a collection of boutiques, restaurants and professional offices in a former turn-of-the-century uniform factory. The community is also conveniently located near Riverview Medical Center and educational institutions such as Monmouth University and Brookdale College.

“Founded in San Francisco, Metrovation brings its West Coast influence to Red Bank with this project,“ noted Chris Cole, Managing Partner of Metrovation Terranomics. “Being part of the greater Red Bank community for almost 20 years, we are excited to be part of the ongoing revitalization of the town and we look forward to our continuing involvement on the West Side.”

Recently named the third best small town in the United States by Smithsonian Magazine, Red Bank is located on the Navesink River in scenic Monmouth County, approximately 25 miles from New York City. The revitalized downtown area features a mix of premier shopping and dining destinations, including unique coffeehouses, galleries and antique shops.

The Count Basie Theatre offers a calendar filled with national and regional performing artists and the borough hosts numerous festivals throughout the year such as RiverFest, the state’s largest food and music event. Other area attractions include Marine Park, Monmouth Conservatory of Music and a variety of historic destinations.

For additional information about West Side Lofts at Red Bank, call visit www.westsidelofts.net or call (732) 474-7517 or. For commercial leasing information, please contact Michael Witmondt at 908-988-1163 or mwitmondt@woodmontproperties.com.

About Woodmont Properties
For 50 years, Woodmont Properties, based in Fairfield, N.J., has contributed to the region’s residential and commercial marketplace by developing residential communities, office buildings, retail centers and industrial properties in suburban communities, town centers and cities in New Jersey, New York and Pennsylvania. Woodmont Properties' success in developing both residential communities and commercial properties is derived from a unique blend of innovation, integrity, the selection of superior locations and quality design. For more information, visit www.woodmontproperties.com.

About Metrovation Terranomics
Metrovation Terranomics is a privately owned specialty real estate development company that conceptualize, create, market and manage unique properties that bring new life and new possibilities to places. The company, founded over thirty years ago, is the successor to Terranomics Development, upon whose 40 years of success Metrovation is built. Metrovation takes a fresh approach to every project to complement and add value to the specific environment. The company and its principals have developed or redeveloped over 3,000,000 square feet of buildings, and currently hold approximately 2,000,000 square feet of retail, office, hotel and residential properties.

 

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07/19/2013 - 11:07

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Woodmont Properties

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